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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Stock-based compensation expense is included on the Consolidated Statements of Income and Comprehensive Income based upon the job function of the employees receiving the grants as follows (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Lease and Well
$
9.1

 
$
8.4

 
$
20.7

 
$
18.2

Gathering and Processing Costs
0.2

 
0.3

 
0.5

 
0.6

Exploration Costs
5.6

 
6.4

 
13.5

 
13.9

General and Administrative
14.6

 
12.2

 
30.4

 
25.0

Total
$
29.5

 
$
27.3

 
$
65.1

 
$
57.7
Weighted Average Fair Values and Valuation Assumptions
Weighted average fair values and valuation assumptions used to value stock option, SAR and ESPP grants during the six-month periods ended June 30, 2014 and 2013 are as follows:
 
Stock Options/SARs
 
ESPP
 
Six Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Weighted Average Fair Value of Grants
$
27.68

 
$
19.33

 
$
18.30

 
$
14.40

Expected Volatility
35.15
%
 
35.82
%
 
25.83
%
 
29.95
%
Risk-Free Interest Rate
0.86
%
 
0.48
%
 
0.09
%
 
0.12
%
Dividend Yield
0.5
%
 
0.6
%
 
0.4
%
 
0.6
%
Expected Life
5.2 years

 
5.5 years

 
0.5 years

 
0.5 years
Stock Options and SARs Transactions
The following table sets forth stock option and SAR transactions for the six-month periods ended June 30, 2014 and 2013 (stock options and SARs in thousands):
 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
 
Number of
Stock
Options/SARs
 
Weighted
Average
Grant
Price
 
Number of
Stock
Options/SARs
 
Weighted
Average
Grant
Price
Outstanding at January 1
10,452

 
$
54.43

 
12,438

 
$
42.91

Granted
74

 
92.51

 
62

 
62.80

Exercised (1)
(922
)
 
43.76

 
(1,938
)
 
32.81

Forfeited
(185
)
 
62.02

 
(112
)
 
48.02

Outstanding at June 30 (2)
9,419

 
$
55.62

 
10,450

 
$
44.85

Vested or Expected to Vest (3)
8,985

 
$
55.22

 
9,994

 
$
44.67

Exercisable at June 30 (4)
3,898

 
$
44.71

 
4,510

 
$
39.99



(1)
The total intrinsic value of stock options/SARs exercised for the six months ended June 30, 2014 and 2013 was $52.5 million and $62.1 million, respectively. The intrinsic value is based upon the difference between the market price of EOG's common stock on the date of exercise and the grant price of the stock options/SARs.
(2)
The total intrinsic value of stock options/SARs outstanding at June 30, 2014 and 2013 was $576.8 million and $219.5 million, respectively. At June 30, 2014 and 2013, the weighted average remaining contractual life was 4.2 years and 4.1 years, respectively.
(3)
The total intrinsic value of stock options/SARs vested or expected to vest at June 30, 2014 and 2013 was $553.8 million and $211.7 million, respectively. At June 30, 2014 and 2013, the weighted average remaining contractual life was 4.2 years and 4.1 years, respectively.
(4)
The total intrinsic value of stock options/SARs exercisable at June 30, 2014 and 2013 was $281.3 million and $116.7 million, respectively. At June 30, 2014 and 2013, the weighted average remaining contractual life was 2.8 years and 2.6 years, respectively.
Restricted Stock and Restricted Stock Unit Transactions
The following table sets forth restricted stock and restricted stock unit transactions for the six-month periods ended June 30, 2014 and 2013 (shares and units in thousands):
 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
 
Number of
Shares and
Units
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Shares and
Units
 
Weighted
Average
Grant Date
Fair Value
Outstanding at January 1
7,358

 
$
49.54

 
7,636

 
$
45.53

Granted
435

 
94.73

 
530

 
64.25

Released (1)
(1,939
)
 
36.85

 
(586
)
 
61.82

Forfeited
(181
)
 
58.48

 
(108
)
 
47.20

Outstanding at June 30 (2)
5,673

 
$
57.06

 
7,472

 
$
45.56

 
(1)
The total intrinsic value of restricted stock and restricted stock units released for the six months ended June 30, 2014 and 2013 was $207.0 million and $35.4 million, respectively. The intrinsic value is based upon the closing price of EOG's common stock on the date restricted stock and restricted stock units are released.
(2)
The total intrinsic value of restricted stock and restricted stock units outstanding at June 30, 2014 and 2013 was $662.9 million and $491.9 million, respectively.
Performance Units and Performance Stock Transactions
The following table sets forth performance unit and performance stock transactions for the six-month periods ended June 30, 2014 and 2013 (shares and units in thousands):

 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
 
Number of
Shares and
Units
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Shares and
Units
 
Weighted
Average
Grant Date
Fair Value
Outstanding at January 1
261

 
$
82.18

 
143

 
$
67.05

Granted
—

 
—

 
—

 
—

Released
—

 
—

 
—

 
—

Forfeited
—

 
—

 
—

 
—

Outstanding at June 30 (1)
261

 
$
82.18

 
143

 
$
67.05

 
(1)
The total intrinsic value of performance units and performance stock outstanding at June 30, 2014 and 2013 was $30.5 million and $9.4 million, respectively.